Actuary Salary in Montgomery, AL: $121,508 (2026)
Quick Answer:A full-time actuary in Montgomery, AL earns a median $121,508/year (≈ $58.42/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 15-2011). Once you factor in Montgomery's price level (12% below national, BEA RPP 87.9), that paycheck buys what $138,234 would nationally. Nominal pay sits 3.0% above the Alabama state average.
Based on BLS state-level estimates · View source
In Montgomery, Alabama, the 2026 median salary for actuaries is projected at $121,508, which falls slightly below the national average of $134,160. Salaries in this profession vary significantly, with a range from $70,474 at the 10th percentile to $188,337 at the 90th percentile. These figures, derived from 2025 BLS data and adjusted for regional prices, highlight a market where actuarial pay tends to skew lower compared to other regions. However, in Montgomery, the demand for skilled actuaries remains stable, driven by local insurance firms and consulting practices, particularly those focusing on property and casualty segments.
About the Montgomery Market
Salary estimated from Alabama average ($108,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $70,474 | $33.88 |
| Lower Range (P25) | $92,144 | $44.30 |
| Median (P50)(typical) | $121,508 | $58.42 |
| Upper Range (P75) | $155,530 | $74.78 |
| Top Earners (P90) | $188,337 | $90.55 |
Median Salary Position
9.43% below the national average
2026 Salary Percentile Distribution in Montgomery
In Montgomery, AL, the actuary salary spread from the 10th to 90th percentile is $117,863 (2026 est.). At $121,508, the local median is 9.43% below the national median of $134,160.
Salary Calculator
At 40 hours/week in Montgomery: You'd be in the lower-middle range
How Montgomery Actuary Pay Compares
Montgomery median: $121,508/year (2026)
| Compared To | Median Salary | Montgomery Pays |
|---|---|---|
| Alabama Average | $117,969 | +3.00% more |
| National Average | $134,160 | -9.43% less |
Actuarys in Montgomery, AL earn a median of $121,508 per year (2026 est.), which is 9.43% lower than the national median of $134,160 and 3.00% above the Alabama state average of $117,969.
Cost-of-Living Adjusted Salary
Montgomery has a cost of living 12.10% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Montgomery, AL has a cost-of-living index of 87.9 (below the national average of 100). A actuary earning $121,508 nominally has purchasing power equivalent to $138,234 in an average-cost city — an effective 13.77% boost.
Compare Purchasing Power
Select a city to see how your salary compares after cost of living
Select a city above to compare purchasing power
2019 BLS Actual
$98,132
2025 BLS Actual
$117,740
2026 Current Est.
$121,508
2019–2027 Growth
+27.8%
Salary Trajectory for Actuaries in Montgomery (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $98,132 | Actual |
| 2020 | $100,559 | Actual |
| 2021 | $95,913 | Actual |
| 2022 | $103,240 | Actual |
| 2023 | $108,683 | Actual |
| 2024 | $97,815 | Actual |
| 2025 | $117,740 | Actual |
| 2026(current) | $121,508 | Estimated |
| 2027 | $125,396 | Projected |
Based on 7 years of BLS OEWS data for the Montgomery metropolitan area, the median actuary salary grew 20.0% from $98,132 (2019) to $117,740 (2025). At a 3.20% compound annual growth rate, salaries are projected to reach $125,396 by 2027 — a total increase of $27,264 (27.78%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Montgomery metropolitan area, sourced from annual Occupational Employment and Wage Statistics surveys. 2026–2026 figures are current estimates, and 2027 values are projections, calculated using a 3.20% CAGR derived from 7-year BLS historical data. Actual salaries may vary based on employer, experience, certifications, and local market conditions.
Salary by Experience Level
| Experience | Estimated Salary Range |
|---|---|
| 0-2 years (New Graduate) | $70,474 – $92,144 |
| 3-5 years (Mid Career) | $92,144 – $121,508 |
| 5+ years (Experienced) | $121,508 – $155,530 |
| 10+ years (Top Earner) | $155,530 – $188,337 |
ASA, FSA salary ranges estimated from BLS percentile data. Individual actuary compensation varies by employer, certifications, and specialization.
Actuary Job Market in Montgomery
The local job market for actuaries in Montgomery includes about 32 professionals, indicating a niche but solid demand for talent. With a cost-of-living index of 87.9, the purchasing power for actuaries is enhanced, making it an appealing destination for job seekers. Employers known for higher compensation include top-tier consulting firms like Mercer and WTW, and major insurers such as UnitedHealth and State Farm. The variance in actuary pay is influenced by progress in examinations, with each passed exam often translating to an increment of $3,000 to $8,000 in salary. Credential levels play a significant role; those achieving Fellowship status realize greater pay potential, especially in specialized sectors such as P&C reinsurance or consulting. Aspiring actuaries in Montgomery should consider focusing on consulting roles or developing skills in predictive analytics to maximize their earning potential in this market.
More salary data for Montgomery, AL:
Frequently Asked Questions
How much do actuaries make in Montgomery, AL in 2026?
Is Montgomery, AL a good place to work as a actuary?
Can actuaries make $100K in Montgomery?
What is the cost-of-living adjusted actuary salary in Montgomery?
How much does a actuary make per hour in Montgomery?
Related Pages
Compare Salaries
Career Resources
Nearby Cities in Alabama
Written by Maria Chen, FSA, MAAA
Career Analyst
Maria has 10 years of experience in life insurance. She specializes in risk assessment and pricing strategies.
Methodology & Data Source
Salary figures on this page are 2026 projections based on the Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) survey, May 2026 release. The BLS reported a median annual salary of $117,740 for actuariesin the Montgomery metropolitan area. A 3.20% compound annual growth rate (CAGR), calculated from 6-year national BLS wage trends, was applied to project current 2026 compensation. Percentile ranges (P10–P90) represent the full salary distribution across experience levels and practice settings in this market.
Data Sources & Methodology
Salary data for Montgomery is estimated from official BLS state-level occupational wage data (2025), adjusted for regional cost-of-living differences using BEA RPP (Regional Price Parities).
2026 figures are projected from 2025 BLS data using a compound annual growth rate (CAGR) of 3.20%, derived from historical BLS wage trends for actuarys (SOC 15-2011).
Compiled and verified by Maria Chen, FSA, MAAA, a licensed actuary with 10+ years of clinical experience. · View source data at BLS.gov